COE going downhill.

[Kinetic88]

since when the final price ish decided at this hour ?

every time the bid price started to jump when nearest to the closing time. Dealers will upload all their bid in the last few minutes will high price, afterall, it ish buyer's money.

LTA should disallow dealer bid COE on customer's behalf. Allowing car dealers to bid for COE as good as allowing cartel operation in Sg.

 

[dustyRoom]

WAH that escalated quickly...

of course. because there are trolls who bid $10k from the atm. I'm sure dealers won't put a starting bid of 10k.

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[Unholy85]

if the price of Cat.A hovers at $58 till 4pmk....means a drop of $10k...thats a lot.




BIDDING STATUS AS AT 20/05/2015 15:02:21.00 HRS
Category Current COE Price ($) Quota Bids Received
A CAR UP TO 1600CC & 97KW 58,700 1,434 1,859
B CAR ABOVE 1600CC OR 97KW 1 948 646
C GOODS VEHICLE & BUS 1 370 355
D MOTORCYCLE 1 334 269
E OPEN 1 283 84

 

[BHills]

Unholy85 is obviously a noob.

=====

The real action comes in the last 10 minutes (i.e. 3.50pm-4pm).

 

[sianeveryday]

haha, the title of this thread can change.



COE going UP UP UP mountain.

 

[maui_boy]

my SGD $ 1.00 COE

 

[onegoal]

Why are we so pertatic?
Have to wish coe price to fall....
If only all of us are rich.
Just walk into showroom and offer full cash payment and demand to drive away the car immediately.

Wouldn't this be cool!

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[sianeveryday]

Why are we so pertatic?
Have to wish coe price to fall....
If only all of us are rich.
Just walk into showroom and offer full cash payment and demand to drive away the car immediately.

Wouldn't this be cool!

Sent from . using GAGT

cannot... the car bo you, you stuff cash inside also cannot drive.

 

[Velana]

Why are we so pertatic?
Have to wish coe price to fall....
If only all of us are rich.
Just walk into showroom and offer full cash payment and demand to drive away the car immediately.

Wouldn't this be cool!

Then we'll be like china people shopping. all buy with cash...

Like that our banks eat what?

 

[mynickname]

You want COE to drop, stop allowing people to finance COE with loan.

You cannot pay tax with credit card, stamp duty with home loan, you shouldn't be able to pay COE with loan.

 

[Velana]

You want COE to drop, stop allowing people to finance COE with loan.

You cannot pay tax with credit card, stamp duty with home loan, you shouldn't be able to pay COE with loan.

But it also won't drop.
The 1% of people who can afford cars with Cash will just buy with cash.
The COE will still remain high.

Frankly, from all that I'm looking at, the idea of supply and demand doesn't seems to work for COE.
Because it's heavily controlled by the car dealers. The car dealers will just bid at example say 65K even if there's only 2 person buying cars, then when COE closes, the bid will just end at 65k.

 

[champagne_0910]

But it also won't drop.
The 1% of people who can afford cars with Cash will just buy with cash.
The COE will still remain high.

Frankly, from all that I'm looking at, the idea of supply and demand doesn't seems to work for COE.
Because it's heavily controlled by the car dealers. The car dealers will just bid at example say 65K even if there's only 2 person buying cars, then when COE closes, the bid will just end at 65k.

but in a way.. isn't it because people are willing or unwillingly ok to pay 65k COE that dealers bid so high?

we pawned ourselves..

 

[onegoal]

Last 5 minutes. All categories is below last bidding price. Except lorries

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[sianeveryday]

so now is sky rocket time?

 

[dustyRoom]

But it also won't drop.
The 1% of people who can afford cars with Cash will just buy with cash.
The COE will still remain high.

Frankly, from all that I'm looking at, the idea of supply and demand doesn't seems to work for COE.
Because it's heavily controlled by the car dealers. The car dealers will just bid at example say 65K even if there's only 2 person buying cars, then when COE closes, the bid will just end at 65k.

If only 2 person buying it will be $1 bro

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[theReas]

wah heng i decided to bid for my client on the previous round coe.

now $52,001 for cat c liao.

phew.

 

[b3n]

Why CAT A still so low.... higher pls higher..........ppl die already still so high..

 

[dustyRoom]

Why CAT A still so low.... higher pls higher..........ppl die already still so high..

bids received drop right

dropped by about 600 from 2891 reh. good sign.

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[onegoal]

I notice the numbers bids for cars is 20% lesser. This may be good news. Then buyers is getting lesser. Maybe 1 to 2 months time, price will drop $5k overall before the next wave of kanjeong spider rush in.

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[leaving_footsteps]

COEs fall a bit... More supplies ahead but cevs changes gonna take effect.